Answer:
The state tax Patrick must pay on the initial profit is $350. The federal tax he must pay on the initial profit is $1750. The inflation on the amount remaining after taxes is $147. As a result, the real value of Patrick’s profit is $4678
Explanation:
Patrick has successfully invested in a growing tech company. Three years ago he invested $10,000 in the company through a broker. Now he has decided to sell his stock. The value of his stock is now at $17,000. Here are the taxes and fees associated with his investment: Annual brokerage fee: $25 State tax: 5% of profit Federal tax: 25% of profit Inflation rate: 1% per year The state tax Patrick must pay on the initial profit is . The federal tax he must pay on the initial profit is . The inflation on the amount remaining after taxes is . As a result, the real value of Patrick’s profit is .
Answer:
Patrick invested $10000 and after three years the value of his stock is $17000.
Profit = Value of stock - Amount invested = $17000 - $10000 = $7000
Total brokerage fee = Annual brokerage fee × number of years = $25 × 3 = $75
State tax = 5% of profit = 5% of $7000 = 0.05 × $7000 = $350
Federal tax = 25% of profit = 25% of $7000 = 0.25 × $7000 = $1750
Profit after tax = $7000 - $350 - $1750 = $4900
Inflation on the amount remaining after taxes = 1% of profit after tax × number of years = 3 years × (0.01 × $4900) = 3 × $49 = $147
Therefore the real value of profit = Profit - Total brokerage fee - state tax - federal tax - inflation = $7000 - $75 - $350 - $1750 - $147 = $4678
Answer:
d. improve the likelihood that the two groups will be comparable with regard to known and unknown confounding factors.
Explanation:
<u>Epidemiology is the term that is used to define a study in which the study is done on a defined population for the health related issues, that is about answering the who, when and where related to this study.</u>
In this given question also the experiment focuses on developing two different groups to understand and conduct the study and analysis properly, based on the suspected factor and how they react to it.
Thus, it will lead to compare the groups in order to make the analysis efficient keeping constant factors.
Answer:
iii. The law of diminishing marginal utility
Answer:
The answer is B. very wide differences in the standard of living
Explanation:
Economists use Gross Domestic Product (GDP) which is the final value of all goods and services produced within a country during a given period of time, usually a year as the ultimate yardstick for measuring and ranking countries' wealth, standard of living and/or illiteracy level.
And GDP per capita measures a country's economic output per person. It is by dividing the GDP of a country by its total population. Countries with the highest value are known to have a high standard of living, better health care and high literacy level and vice-versa.
Answer: $47,200
Explanation:
Accounts receivable not yet due = $560,000
Bad Debts for accounts receivable not yet due:
= $560,000 × 0.01
= $5,600.
Accounts receivable due for up-to 180 days = $120,000
Bad Debts for accounts receivable due for up-to 180 days:
= $120,000 × 0.16
= $19,200.
Accounts receivable due for more than 180 days = $99,000
Bad Debts for accounts receivable due for more than 180 days:
= $99,000 × 0.20
= $19,800
Ending balance of Allowance account:
= Debit Balance of allowance account + $5,600 + $19,200 + $19,800
= $2,600 + $5,600 + $19,200 + $19,800
= $47,200
